The first-quarter estimated tax deadline for 2025 is April 15, which is also the federal tax due date for most filers. Here’s ...

Ensure PAN details are correct, as incorrect PAN can lead to a rejection. Due date: The tenant should provide Form 16C to the ...

Learn about the ITR-B Form for undisclosed income after search or seizure. Get to know the purpose, applicability, and filing instructions in this guide.

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...

From April 1, sweeping changes in India’s income tax regime will come into effect, offering significant relief to nearly 1 crore taxpayers. Union Finance Minister Nirmala Sitharaman’s Budget 2025 ...

9. The Income Tax Department requires taxpayers to file challan-cum-statements through March 30 for February 2025 TDS deductions under sections 194-IA and 194-IB and 194M and 194S 10. All individuals ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

The Income Tax Department has recently sent notices to taxpayers who have claimed tax exemption under the House Rent Allowance (HRA) but have failed to comply with the mandatory Tax Deducted at Source ...

Salaried people who have failed to pay advance tax on extra income also have an opportunity to correct the default.

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...